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Topic: Most Secure Currency to Hold Funds - page 4. (Read 5378 times)

sr. member
Activity: 630
Merit: 263
March 30, 2017, 04:56:25 PM
#98
Bitcoin it is. Sure to rise in value in the long term
It seems to me that in order to protect your risks needed to keep their savings in 2 major currencies and bitcoin. When will fall in price in one currency and the other will grow. This strategy means that you make less but the risk is small.
member
Activity: 93
Merit: 10
It Can Only Get Better
March 30, 2017, 04:34:49 PM
#97
Bitcoin it is. Sure to rise in value in the long term
sr. member
Activity: 546
Merit: 250
kittiefight.io Combat MMO Lending Jackpots
March 26, 2017, 01:41:39 AM
#96
I think you should hold the currency that your country accepts.
This is because it's value will not go down even if you want to withdraw,
This is how i also do.
I would like to inform you that it will go down in valuation,if you look at forex trade the prices do change daily and it all depends upon your currencies valuation and for people living in the war zones especially in Iraq and Syria and even in Iran it is advisable to hold your funds in dollars or bitcoin rather than in your local currency.
newbie
Activity: 60
Merit: 0
March 26, 2017, 01:29:08 AM
#95
I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

Actually in such situations you can use btc-e sort of sites because there you can store btc in form of USD and then you can buy bitcoins whenever you want with those dollars and hence you wont loose anything. though the price might increase also and u will regret.
hero member
Activity: 1008
Merit: 510
March 25, 2017, 05:31:39 PM
#94
If you just want stability, I would hold funds in USD unless you can buy gold for a low price. Gold seems to vary in value as well as Cryptocurrencies. But if you want an investment to potentially gain value, USD isn't going to help.
hero member
Activity: 924
Merit: 500
March 25, 2017, 04:36:55 PM
#93
I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?
When you are about to stock bitcoin you should be afraid bitcoin price decrease with in a day and rise after few months this is why people lose money on gambling when they don't sold their coins when the price is at 1200 plus dollar gold is good because it is stable but here in location it is very hard to find a buyer or hard to sell gold.
member
Activity: 93
Merit: 10
It Can Only Get Better
March 25, 2017, 04:34:14 PM
#92
I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

Bitcoin is still very good to hold your money in if you're investing. Only a trader will contemplate exchanging for another currency because of the price slump
hero member
Activity: 655
Merit: 500
March 25, 2017, 01:58:31 PM
#91
I think you should hold the currency that your country accepts.
This is because it's value will not go down even if you want to withdraw,
This is how i also do.

Bitcoin can be preferred as a currency to hold funds and the user needs to be active to make profit when it is rising as well withdrawal if the price move is found downwards. As mentioned in the above quote to avoid risks and be on the safer side it's good to hold funds in terms of currency that's been accepted and widely used within the country or in the form of gold which won't fluctuate as bitcoin.
yes i also agree with you. bitcoin is now becoming more and more secure and reliable currency and therefore now people are giving more preference to bitcoin and thy are really making good money from investing in bitcoin.
legendary
Activity: 1652
Merit: 1057
March 25, 2017, 09:25:22 AM
#90
I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?
It depends in your interest dude. You are free to choose long term or short term, but if I where you much good to buy some of bitcoin then do the trade from time to time for to grow your bitcoin quickly. Although, Gold was also a good investment if you hold in a long term the value increase too just like lot in the real estate.
Actually, the best way that you could hold your funds on is gold, gold has been and will always be the safest investment out there on the market, and their prices go up if you are planning to go for the long term holding like a year or two, but it is not a currency, if not than I would suggest putting money on is of course bitcoin and just keeping an eye on the market.
hero member
Activity: 1022
Merit: 521
March 25, 2017, 08:50:49 AM
#89
I will not suggest you to cashout your bitcoin at the present time because the value is in the way to increase in value so if you will keep them in bitcoin you may get the profit with price increase while if you will keep hem in USD then the price will be fixed and no chance to earn profit and in gold the profit is much lower.
hero member
Activity: 994
Merit: 544
March 25, 2017, 08:44:17 AM
#88
I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

If you are that afraid then diversify your investment. Convert some of your bitcoins into USD and others into gold and the remaining one just leave it be in btc form. If in case bitcoin will never go back to its former glory then your losses is smaller since you have converted it to USD and gold. But if bitcoins value has increased again faster then you will earn a lot and you will never regret that you left some of your bitcoins.
hero member
Activity: 1666
Merit: 701
March 25, 2017, 08:38:38 AM
#87
I think you should hold the currency that your country accepts.
This is because it's value will not go down even if you want to withdraw,
This is how i also do.

That's not good choise because some countries don't have good and stable currency + euro, usd is mostly used worldwide and to my mind those currencies are great. OP said usd here, so it means usd is ok for him.
I suggest OP to convert bitcoin in USD when he chooses right time. Gold is also good but.... If I amn't wrong USA has lowered printing dollars and their currency is in a good way. Convert in USD, you won't lose.

not bad. but if OP chooses USD, it means that he will save it in bank. is it still a good idea? well if he is able to find a bank with good system, it would be good to hold USD in bank because holding USD in high amount in your house is not save.
hero member
Activity: 2352
Merit: 905
March 25, 2017, 07:49:33 AM
#86
I think you should hold the currency that your country accepts.
This is because it's value will not go down even if you want to withdraw,
This is how i also do.

That's not good choise because some countries don't have good and stable currency + euro, usd is mostly used worldwide and to my mind those currencies are great. OP said usd here, so it means usd is ok for him.
I suggest OP to convert bitcoin in USD when he chooses right time. Gold is also good but.... If I amn't wrong USA has lowered printing dollars and their currency is in a good way. Convert in USD, you won't lose.
sr. member
Activity: 830
Merit: 258
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
March 25, 2017, 07:29:45 AM
#85
I think you should hold the currency that your country accepts.
This is because it's value will not go down even if you want to withdraw,
This is how i also do.


I agree with yo, because you are afraid of bitcoin crashing down or its fluctuating value then for sure you fiat will gonna work for your scaredness, gold can be use too if you want to continue your investment convert your invested coin to gold.
I cannot agree with your opinion because in my country, for the last 3 years the price of my currency goes down x3 times from 1$=8 to 1$ =28. I think better to hold your funds at strong currencies because your risk to get depreciation are high because of goverment
legendary
Activity: 1190
Merit: 1024
March 25, 2017, 04:13:11 AM
#84
I think you should hold the currency that your country accepts.
This is because it's value will not go down even if you want to withdraw,
This is how i also do.


I agree with yo, because you are afraid of bitcoin crashing down or its fluctuating value then for sure you fiat will gonna work for your scaredness, gold can be use too if you want to continue your investment convert your invested coin to gold.
hero member
Activity: 1666
Merit: 502
March 24, 2017, 10:56:57 PM
#83
I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?
cryptocurrency like bitcoin is risky and is not allowed for those who have heart disease Cheesy, if for safer holding gold wealth any I had more money I always think  to buy gold and it's value of gold not will fall so hard
hero member
Activity: 994
Merit: 502
March 24, 2017, 10:31:53 PM
#82
I think you should hold the currency that your country accepts.
This is because it's value will not go down even if you want to withdraw,
This is how i also do.

Bitcoin can be preferred as a currency to hold funds and the user needs to be active to make profit when it is rising as well withdrawal if the price move is found downwards. As mentioned in the above quote to avoid risks and be on the safer side it's good to hold funds in terms of currency that's been accepted and widely used within the country or in the form of gold which won't fluctuate as bitcoin.
hero member
Activity: 882
Merit: 528
March 24, 2017, 08:53:59 PM
#81
I think you should hold the currency that your country accepts.
This is because it's value will not go down even if you want to withdraw,
This is how i also do.
sr. member
Activity: 518
Merit: 250
March 24, 2017, 06:09:05 PM
#80
If you are scared that bitcoin may losses it's value then I suggest you to go for gold. In terms of risk gold has an edge over bitcoins. Bitcoins are good to invest as it can have a skyrocket increase but gold are slow to increase. Or you can have a diversified investment plan. You can go for both bitcoin and gold.


Good idea suggested above. gold is existing from long time which has gain people trust completely. according to me btc is very secure however some people gets the doubt in there mind that what if it crash all of a sudden. for sure that will not happen because of its growing popularity among the youth. what we will see is the value getting more and more. however never less to say you might see some time the btc price less which is very common in any part of investment. if you want to play very safe then go for gold or if you want to earn more then btc door is open for you.
hero member
Activity: 1092
Merit: 501
March 24, 2017, 02:16:57 PM
#79
I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?
It depends in your interest dude. You are free to choose long term or short term, but if I where you much good to buy some of bitcoin then do the trade from time to time for to grow your bitcoin quickly. Although, Gold was also a good investment if you hold in a long term the value increase too just like lot in the real estate.
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